Professional Property Management | Miami | Fort Lauderdale | The Palm Beaches

CIM Finalizes Sale of Hollywood HQ to Hudson Pacific

CIM Group completed its trade of 6922 Hollywood Blvd., a 205,522-square-foot office building in Hollywood, CA, to Hudson Pacific Properties Inc. (NYSE:HPP) for $ 92.5 million or $ 450 per square foot. The price is before closing costs and prorations and includes the assumption of an e
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U.S. Home Prices Slightly Dip in 3Q, Back to 2003 Levels

According to the latest S&P/Case-Shiller Home Price Index released today, home prices nationally did not register a significant change in the third quarter of 2011, with the U.S. National Home Price Index up by only 0.1% from its second quarter level. The national index posted an
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Capri Completes $76M Sale of Watergate Office Bldg.

Chicago-based Capri Capital Partners LLC finalized its sale of the Watergate office building at 2600 Virginia Ave. NW in Washington, DC, to the Penzance Cos. The 12-story, 200,000-square-foot property traded for $ 76 million, or nearly $ 287 per square foot. A group of investors led b
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Golub, Blackrock Swap Chicago Office Bldg. for $183.5 Million

Golub & Co. and BlackRock Inc. traded the 439,434-square-foot office building at 22 W. Washington St. in downtown Chicago for $ 183.5 million or $ 418 per square foot. Prudential Real Estate Investors purchased the 17-story structure on behalf of institutional investors in its co
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Fitch warns of U.S. downgrade if no budget deal in 2013 (Reuters)

Reuters – Fitch Ratings gave the United States until 2013 to come up with a “credible plan” to tackle its ballooning budget deficit before it downgrades the country’s coveted AAA rating. Yahoo! News: Business News
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Stock futures soar on Europe hopes (Reuters)

Reuters – Stock index futures jumped on Monday on optimism over the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis. Yahoo! News: Business News
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Tower 1 in Boca Village Corp Ctr Fetches $32.9M

Brazilian investor BVCC Corp. acquired the office building at 4855 Technology Way in Boca Raton, FL from a group of tenant-in-common investors including SRG BV Towers LLC, Boca Village BVC LLC, and Falcon WHQ LLC, for $ 32.85 million, or about $ 303 square foot. Tower 1 in the Boca Vi
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Traditional Lenders Continue to Lend on Retail, But Focus on Top Product

Life insurance companies and banks up their originations for retail in the third quarter of 2011. National Real Estate Investor
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Retailers look to keep Black Friday momentum going (Reuters)

Reuters – U.S. retailers moved from the frenzied start of the holiday shopping season to the next phase on Saturday, hoping to avoid a drop after Black Friday and keep the momentum going during a fitful economic recovery. Yahoo! News: Business News
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Build Your Shopping Centre Tenant Mix the Right Way

To build your shopping centre performance you need a solid tenant mix and tenancy plan. The sales for the tenants and the income for the property will be underpinned by a successful tenant mix plan. Real-Estate:Property-Management Articles from EzineArticles.com
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